PPP Loan Data — AL Pak Labor, Inc, Soledad, CA
AL Pak Labor, Inc is a corporation located at 32898 San Vicente Road in Soledad, California that received a Coronavirus-related PPP loan from the SBA of $5,488,210.00 in August, 2020.
$ PPP Loan Information
Lender:AMERICAN AGCREDIT, ACA
AL Pak Labor, Inc in Soledad, CA received a Paycheck Protection Loan of $5.49M through AMERICAN AGCREDIT, ACA, which was approved in August, 2020.
Based on standard PPP eligibility rules, AL Pak Labor, Inc's total 2019 payroll expenses were approximately $26.34M in order to qualify for the PPP loan amount received.
Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $53,872 per employee1.
Business Information - AL Pak Labor, Inc in Soledad, CA
32898 San Vicente Road
Soledad, CA 93960
Farm Labor Contractors and Crew Leaders (NAICS code 115115)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-20
Similar Companies near Soledad
In the Soledad area, 3 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a PPP loan. These local businesses reported an average of 496 employees (compared to this company's 489) and received an average PPP loan of $2,141,901 (compared to this company's $5.49M).
Similar Nearby Businesses Who Received PPP Funding:
CFO Unlimited, Inc.
Pro AG Harvesting, Inc
King City, CA
Industry PPP Comparison Statistics
Nationwide, 1,427 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a total of $303,879,959.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 41 employees, 92% lower than AL Pak Labor, Inc's reported 489 employees, and received an average PPP loan of $212,950, 96% lower than this company's loan of $5.49M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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